Sharechat Logo

Asian investor takes 80% stake in Better Health Co supplements business

Tuesday 31st January 2017

Text too small?

 Better Health Co has sold an 80 percent stake to an Asian private equity fund to help the Lower Hutt-based supplements maker break into export markets. 

The Overseas Investment Office approved the deal in December, where ORA New Zealand, a private equity fund ultimately controlled by pan-Asian alternative asset fund manager China Diamond Holdings, acquired the stake in "sensitive land" and "significant business assets". The consideration paid was withheld. 

The Better Health Co manufactures and distributes natural health products under the GO Healthy brand, sold exclusively through pharmacies and health stores. 

The OIO summary decision, released today, says the vendors had "achieved a number of its initial strategic objectives and is the market leader in its New Zealand distribution channel" and wanted to use that brand to enter international markets. 

"The vendors wished to include in the business a strategic partner who could assist with speed of entry into international markets. A partner was sought that has the resources, capability and willingness to accelerate the growth of GO Healthy," the notice said. "The applicant intends to act as a catalyst for expansion of the Go Healthy business and unlock value for all stakeholders by providing the needed assistance and resources to the existing management team in its efforts to capture these new opportunities."

The deal is the latest where Asian investors have shown an interest in Australasian food supplements businesses, with Vitaco Health Group taken over by a Chinese-led consortium last year after a brief period on the ASX. 

 

 

BusinessDesk.co.nz

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

MARKET CLOSE: NZ shares at fresh high, Vector, A2 gain while Pushpay, Comvita drop
NZ dollar benefits from USD weakness after Trump complains about rate rises
Gold Report 21st August 2018
FlexiGroup's NZ cards business outpaces credit growth; bad debt ticks up
Tilt strategy still emerging - Mercury
Healthscope's NZ pathology shares efficiencies with DHBs, stalling earnings growth
Government to make new 'red zone' payment for uninsured homes
Port Taranaki lifts 2018 dividend on increased profit
NZ net migration continues slow in July as long-term visitors pack up and leave
Super Retail's annual earnings boosted by Macpac acquisition, online sales

IRG See IRG research reports